Isn’t That Rich with MyFSB

Every time a customer comes in contact with your business or organization, they have a moment where they decide they either like you more, or less, it is never neutral. This means that having great customer service is one of the most important things to focus on in your business. In this week’s episode we discuss four simple and actionable steps you can implement today to enhance your customer service experience.

We are well into the 4th quarter of 2023, which means we are already thinking ahead to 2024. Some may think it’s a little early to start planning for the new year but in the dynamic landscape of entrepreneurship, a well-crafted strategy can be the compass that guides you toward success. If you’ve never taken the time to create a strategic plan for your business, what better time than now to get started? This week our CEO, Charlie Holland, returns to the Isn’t That Rich Podcast to share Farmers State Bank’s steps to strategic planning. Whether you're a startup founder looking to chart your course or a seasoned business owner aiming to pivot and grow, this podcast will equip you with the tools and knowledge to formulate, execute, and adapt your business strategies effectively. So pour yourself a cup of coffee and get ready to strategize for a successful 2024 with us!

Looking to make your money work harder for you than your average savings account? Then join us this week as our guest, Kelly Green, helps us unravel the complex world of Certificate Deposits (CDs). CDs are like the responsible cousin of your piggy bank, offering higher interest rates in exchange for locking your money away for a set period of time. But don't worry; we'll show you how to make the most of these financial fortresses, we’ll even reveal how to use CDs for exciting short-to-mid-term goals.

On part one of our "Building a Home from the Ground Up" episode, Ashley had just finished up the beginning processes of building her first home. She has officially broken ground and closed on her construction loan! On this episode, we sit down with Polianna Benedict, Ashley's lender and FSB construction loan expert to discuss how to get your construction loan started, how it works, and how important it is to have a relationship with your lender. There's a lot to consider when building a home, especially the financial aspect, so consider this your step-by-step guide for a smooth construction loan process! https://www.myfsb.com/_/kcms-doc/1525/81116/Construction-Guidelines.pdf https://www.myfsb.com/pbenedict

On September 14th, Farmers State Bank put on an event called the Legacy Sessions where we provided our community with valuable insight on how to leave a lasting legacy for generations to come. As a marketing team we’ve thrown some pretty great events and some not so great events, but this one will go down in Farmers State Bank history. But what made this event so remarkable?
In this week’s episode Jill, Jared, and Ashley walk you through our event-planning process and share our secret to what makes an impactful event. We’re giving you the tools to create your own event vision and goals, as well as the timeline we follow to make sure nothing slips between the cracks leading up to the event.

Is it really possible to set my kids up to be rich by the time they are adults? That’s the question we are asking on this week’s episode. There are 2 different topics we’ve been hearing about lately that we’d like to talk about today. The first is the 529 College Savings Plan and its new changes, and the other is paying your kids as an employee while they are young. There has been a lot of chatter on TikTok and other social media channels implying that by utilizing these two investing approaches, you can help give your child a head start to building wealth at a young age. To find the answer we brought in our favorite local financial advisor, John Forbes, to learn if there truly is a way to set your kids up to be wealthy by the time they turn 18. Tune in to hear what he has to say about these two investing strategies.

There is no hiding from the fact that we all need health insurance! Whether we are young or old, rich or poor, a single person or have a family, healthy or sick, we all need it. But there are times in our lives where a special circumstance might occur, and you lose your insurance. Maybe you lost your job, you’re between jobs, or are finally getting kicked off your parents' plan, however you find yourself uninsured you need to know the steps to take to protect yourself.
Today our guest, Angie Cummins with FSB Insurance, will be on to answer all our questions on what to do about health insurance when life happens.

On episode 32 of the Isn’t that Rich Podcast we talked about the financial “B” word, otherwise known as budgeting, and one thing we realized was neither one of us knew exactly where our money went each month. In order for us to set up a budget we could stick to, we had to do the leg work ourselves to figure out how much we were spending and whether or not our purchases aligned with our values. So we challenged each other to a month long of tracking our spending!
This week we talk through all the purchases we made in a month’s time, no matter how embarrassing they were to admit! Needless to say this exercise was extremely enlightening and we discovered some major spending habits we weren’t aware of before taking this challenge. We hope this episode encourages you to take your own spending tracker challenge so you can see first-hand how easy it is to get off track when you don’t pay attention to where your money really goes.

Today, we are once again talking about one of our favorite topics of conversation: Fraud! And fraud itself is not our favorite topic. Honestly, we wish it didn’t exist. But rather, we love sharing real stories of fraud happening in our area so, as listeners, you know what to look out for to prevent it from happening to you.  
 
The specific kind of fraud we talk about today is known as Check Fraud. Although check usage isn’t what it used to be thanks to new banking technologies, fraud continues to threaten businesses and banks. But the good news is there are ways you can ensure your account remains protected. Today we are talking with guest, Taylor Shanks, about the newest way Farmers State Bank helps companies prevent check fraud with a new product called Positive Pay.

Today we are talking about the financial “B” word: Budgeting! If we are completely honest, most people hate the concept of budgeting, and for good reason! When people sit down and plan their budget, it starts with good intentions.  
They want to save more money, get control over their spending, and plan for their future. But the truth is setting a strict budget can actually set you up for failure.
Because budgets feel so restrictive, they often don’t work! Although we don’t believe in strict budgeting, we do believe that understanding how much money you earn and how much you spend every month is really important to achieving financial security. Today we are going to talk about some guidelines you can follow to help you make sure you’re spending and saving in a way that works for you that isn’t oppressive or overly prescriptive.  
Plus, join Jill and Ashley as we track our spending for the next 4 weeks to figure out whether or not our spending is aligned to our money goals!